SAN ANTONIO – Exxon Mobil Corp. has sold 194 acres next to Pearsall Park on the city’s southwest side.
The buyer, Houston-based real estate firm Cottonwood-NFP V LLC, is considering using the land for commercial development such as logistics or energy storage.
The property has at various times been used for petroleum refining and manufacturing, according to records. Residential development, groundwater use, and agricultural use aside from cattle crazing and butterfly and beekeeping are prohibited on a portion of the land.
The Bexar Appraisal District values it at $3 million. Its assessed value was reduced because a portion of it is used for agriculture.